Regulatory Compliance & Agency Engagement
November 30, 2022In a new op-ed published this morning in American Banker, CBA President and CEO Lindsey Johnson outlines the tangible steps policymakers in Washington can take to support and protect consumers and small businesses amidst ongoing economic uncertainty. The recommendations made in the piece reflect some of the top policy priorities for the CBA membership heading into the new year, including:...
October 18, 2022Washington, D.C. – The Consumer Bankers Association, American Bankers Association, Bank Policy Institute, Independent Community Bankers of America and Mid-Size Bank Coalition of America today issued the following statement on the FDIC’s decision to increase assessment rates: “We are disappointed that the FDIC has chosen to increase assessment rates based on assumptions that are demonstrably...
September 8, 2022In a wide-ranging conversation featured yesterday in POLITICO’s Morning Money, CBA President & CEO Lindsey Johnson discussed some of the key policy issues facing retail banks and how the industry is responding to a new regulatory regime in Washington, D.C. The exclusive, on-the-record interview was Johnson’s first since assuming the role of President & CEO and comes just two weeks before...
August 29, 2022August 29, 2022 Ann E. Misback Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue NW Washington, DC 20551 Re: Regulation Implementing the Adjustable Interest Rate (LIBOR) Act Docket No. R-1775, RIN 7100-AG34 Dear Ms. Misback: The Consumer Bankers Association (CBA)[1] is pleased to submit these comments on the Notice of Proposed Rulemaking (Proposal) by...
August 19, 2022The FDIC’s proposed increase of deposit insurance assessment rates rests on incomplete, outdated economic analysis, the Consumer Bankers Association, Bank Policy Institute , the American Bankers Association, the Independent Community Bankers of America, the National Bankers Association and the Mid-Size Bank Coalition of America wrote in a comment letter submitted today. The increase would harm...
June 23, 2022WASHINGTON, DC – Consumer Bankers Association (CBA) President and CEO Richard Hunt today released the following statement after the Federal Reserve announced the results of the agency’s annual stress tests, which assess the ability of large financial institutions to weather severe economic uncertainty: “Today’s results once again affirmed the strength and resiliency of the nation’s leading banks...
May 24, 2022Consumer Bankers Association President and CEO Richard Hunt today issued the following statement after the Federal Deposit Insurance Corporation (FDIC) released the Q1 2022 Quarterly Banking Profile: “Despite historic inflationary pressures and global uncertainty, the FDIC’s Q1 2022 Quarterly Banking Profile demonstrates the resiliency of America’s leading banks and the millions of consumers they...
May 12, 2022The Consumer Bankers Association (CBA) today released the following statement after the United States Senate confirmed Jerome Powell to serve a second term as Chairman of the Federal Reserve Board of Governors: “Congratulations to Jerome Powell on his Senate confirmation to serve a second term as Chairman of the Federal Reserve. Throughout the COVID-19 pandemic, Chairman Powell has worked in...
May 11, 2022Over the past year, a growing share of America’s leading banks have unveiled innovative overdraft solutions, providing customers greater choice and flexibility to make informed personal financial decisions. In Washington, leading regulators, legislators, and academics from across the political spectrum have recognized the positive impact these changes have had in the lives of the people we are...
Joint Trades Comment on FDIC Guidelines for Appeals of Material Supervisory Determinations